Commercial E&S
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The ratings agency’s decision follows the delay of the insurer’s year-end 2021 audit. -
Free of past legacy issues, new E&S casualty insurers are putting forward aggressive pricing to win away clients from incumbents.
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Mills was previously president of E&S at The Hanover Insurance Group.
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The Surplus Lines Stamping Office recorded a 36% jump in premiums over last year to set a new record as rates continue to increase.
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The executive joins Zurich NA from privately held International Financial Group (IFG), a P&C company focused on the E&S market where he served as CEO.
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The company posted a combined ratio of 79%, driven by lower relative expenses and premium growth.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The executive added that the specialty carrier purchased roughly $100mn more reinsurance in its catastrophe tower for both hurricane and earthquake exposure.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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In some cases, sources said, wages have increased between 25% and 35% over the last 12 months.
